Touchstone Non Current Liabilities Total vs Property Plant And Equipment Net Analysis

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Touchstone Exploration financial indicator trend analysis is much more than just breaking down Touchstone Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone Exploration is a good investment. Please check the relationship between Touchstone Exploration Non Current Liabilities Total and its Property Plant And Equipment Net accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Liabilities Total vs Property Plant And Equipment Net

Non Current Liabilities Total vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Touchstone Exploration Non Current Liabilities Total account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have totally related.

The correlation between Touchstone Exploration's Non Current Liabilities Total and Property Plant And Equipment Net is 1.0. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Touchstone Exploration, assuming nothing else is changed. The correlation between historical values of Touchstone Exploration's Non Current Liabilities Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Touchstone Exploration are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Liabilities Total i.e., Touchstone Exploration's Non Current Liabilities Total and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Non Current Liabilities Total

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from Touchstone Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone Exploration current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Touchstone Exploration's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Tax Provision is likely to grow to about 8.3 M, while Issuance Of Capital Stock is likely to drop about 199.5 K.

Touchstone Exploration fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Good Will
Total Assets		1.0	1.0	1.0	1.0	-0.51	0.27	-0.2	1.0	0.38	-0.19	-0.25	1.0	1.0	1.0	0.98	1.0	1.0	-0.63	-0.23	-0.27	1.0	0.98	1.0	-0.13	0.1
Total Current Liabilities	1.0		1.0	1.0	1.0	-0.52	0.3	-0.21	1.0	0.4	-0.21	-0.21	1.0	1.0	1.0	0.98	1.0	1.0	-0.61	-0.2	-0.23	1.0	0.99	1.0	-0.09	0.12
Total Stockholder Equity	1.0	1.0		1.0	0.99	-0.52	0.28	-0.16	1.0	0.37	-0.15	-0.26	1.0	1.0	1.0	0.99	1.0	1.0	-0.65	-0.23	-0.28	1.0	0.98	1.0	-0.13	0.11
Property Plant And Equipment Net	1.0	1.0	1.0		1.0	-0.51	0.27	-0.21	1.0	0.38	-0.2	-0.24	1.0	1.0	1.0	0.98	1.0	1.0	-0.62	-0.22	-0.27	1.0	0.98	1.0	-0.12	0.1
Net Debt	1.0	1.0	0.99	1.0		-0.5	0.25	-0.26	1.0	0.39	-0.25	-0.23	1.0	1.0	1.0	0.97	1.0	1.0	-0.59	-0.21	-0.26	1.0	0.99	1.0	-0.12	0.08
Retained Earnings	-0.51	-0.52	-0.52	-0.51	-0.5		-0.08	0.08	-0.51	-0.44	0.06	0.27	-0.51	-0.51	-0.51	-0.52	-0.51	-0.51	0.27	0.45	-0.08	-0.51	-0.56	-0.52	-0.05	-0.31
Accounts Payable	0.27	0.3	0.28	0.27	0.25	-0.08		0.24	0.27	0.29	0.17	0.46	0.25	0.27	0.28	0.31	0.26	0.25	-0.2	0.24	0.34	0.27	0.31	0.26	0.09	0.65
Cash	-0.2	-0.21	-0.16	-0.21	-0.26	0.08	0.24		-0.21	-0.23	0.99	-0.15	-0.21	-0.21	-0.21	-0.02	-0.21	-0.21	-0.58	-0.12	-0.21	-0.21	-0.28	-0.22	-0.15	0.19
Non Current Assets Total	1.0	1.0	1.0	1.0	1.0	-0.51	0.27	-0.21		0.38	-0.2	-0.25	1.0	1.0	1.0	0.98	1.0	1.0	-0.62	-0.22	-0.27	1.0	0.98	1.0	-0.13	0.09
Non Currrent Assets Other	0.38	0.4	0.37	0.38	0.39	-0.44	0.29	-0.23	0.38		-0.25	0.37	0.37	0.38	0.39	0.33	0.38	0.37	-0.14	0.1	0.0	0.38	0.37	0.38	0.23	0.31
Cash And Short Term Investments	-0.19	-0.21	-0.15	-0.2	-0.25	0.06	0.17	0.99	-0.2	-0.25		-0.2	-0.2	-0.21	-0.21	-0.01	-0.21	-0.2	-0.59	-0.17	-0.25	-0.21	-0.28	-0.21	-0.17	0.19
Common Stock Shares Outstanding	-0.25	-0.21	-0.26	-0.24	-0.23	0.27	0.46	-0.15	-0.25	0.37	-0.2		-0.26	-0.24	-0.22	-0.3	-0.24	-0.27	0.37	0.8	0.15	-0.25	-0.24	-0.24	0.65	0.29
Other Stockholder Equity	1.0	1.0	1.0	1.0	1.0	-0.51	0.25	-0.21	1.0	0.37	-0.2	-0.26		1.0	1.0	0.98	1.0	1.0	-0.62	-0.23	-0.27	1.0	0.98	1.0	-0.14	0.08
Total Liab	1.0	1.0	1.0	1.0	1.0	-0.51	0.27	-0.21	1.0	0.38	-0.21	-0.24	1.0		1.0	0.98	1.0	1.0	-0.62	-0.22	-0.26	1.0	0.99	1.0	-0.12	0.1
Property Plant And Equipment Gross	1.0	1.0	1.0	1.0	1.0	-0.51	0.28	-0.21	1.0	0.39	-0.21	-0.22	1.0	1.0		0.98	1.0	1.0	-0.62	-0.2	-0.27	1.0	0.98	1.0	-0.1	0.1
Total Current Assets	0.98	0.98	0.99	0.98	0.97	-0.52	0.31	-0.02	0.98	0.33	-0.01	-0.3	0.98	0.98	0.98		0.98	0.98	-0.75	-0.27	-0.31	0.98	0.95	0.98	-0.16	0.14
Short Long Term Debt Total	1.0	1.0	1.0	1.0	1.0	-0.51	0.26	-0.21	1.0	0.38	-0.21	-0.24	1.0	1.0	1.0	0.98		1.0	-0.62	-0.22	-0.27	1.0	0.98	1.0	-0.12	0.09
Other Current Liab	1.0	1.0	1.0	1.0	1.0	-0.51	0.25	-0.21	1.0	0.37	-0.2	-0.27	1.0	1.0	1.0	0.98	1.0		-0.62	-0.24	-0.27	1.0	0.98	1.0	-0.14	0.09
Current Deferred Revenue	-0.63	-0.61	-0.65	-0.62	-0.59	0.27	-0.2	-0.58	-0.62	-0.14	-0.59	0.37	-0.62	-0.62	-0.62	-0.75	-0.62	-0.62		0.27	0.52	-0.62	-0.52	-0.61	0.21	-0.09
Other Assets	-0.23	-0.2	-0.23	-0.22	-0.21	0.45	0.24	-0.12	-0.22	0.1	-0.17	0.8	-0.23	-0.22	-0.2	-0.27	-0.22	-0.24	0.27		0.01	-0.22	-0.23	-0.21	0.52	0.14
Net Receivables	-0.27	-0.23	-0.28	-0.27	-0.26	-0.08	0.34	-0.21	-0.27	0.0	-0.25	0.15	-0.27	-0.26	-0.27	-0.31	-0.27	-0.27	0.52	0.01		-0.27	-0.14	-0.27	0.14	0.33
Non Current Liabilities Total	1.0	1.0	1.0	1.0	1.0	-0.51	0.27	-0.21	1.0	0.38	-0.21	-0.25	1.0	1.0	1.0	0.98	1.0	1.0	-0.62	-0.22	-0.27		0.98	1.0	-0.13	0.09
Inventory	0.98	0.99	0.98	0.98	0.99	-0.56	0.31	-0.28	0.98	0.37	-0.28	-0.24	0.98	0.99	0.98	0.95	0.98	0.98	-0.52	-0.23	-0.14	0.98		0.99	-0.13	0.14
Other Current Assets	1.0	1.0	1.0	1.0	1.0	-0.52	0.26	-0.22	1.0	0.38	-0.21	-0.24	1.0	1.0	1.0	0.98	1.0	1.0	-0.61	-0.21	-0.27	1.0	0.99		-0.1	0.1
Short Term Debt	-0.13	-0.09	-0.13	-0.12	-0.12	-0.05	0.09	-0.15	-0.13	0.23	-0.17	0.65	-0.14	-0.12	-0.1	-0.16	-0.12	-0.14	0.21	0.52	0.14	-0.13	-0.13	-0.1		0.15
Good Will	0.1	0.12	0.11	0.1	0.08	-0.31	0.65	0.19	0.09	0.31	0.19	0.29	0.08	0.1	0.1	0.14	0.09	0.09	-0.09	0.14	0.33	0.09	0.14	0.1	0.15

Click cells to compare fundamentals

Touchstone Exploration Account Relationship Matchups

Touchstone Exploration fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	85.0M	104.6M	143.0M	147.9M	138.9M	132.0M
Total Current Liabilities	15.3M	16.4M	20.9M	21.4M	30.2M	28.6M
Total Stockholder Equity	30.1M	60.4M	67.6M	78.4M	59.8M	56.8M
Property Plant And Equipment Net	69.3M	73.7M	112.0M	118.5M	113.2M	107.5M
Net Debt	8.9M	(16.8M)	14.2M	12M	22.7M	21.5M
Retained Earnings	(19.1M)	(30.2M)	(24.4M)	(27.6M)	(48.2M)	(45.8M)
Accounts Payable	12.1M	16.2M	15.1M	10.8M	13.4M	12.7M
Cash	6.2M	24.3M	17.9M	16.3M	8.2M	7.8M
Non Current Assets Total	70.9M	75.2M	115.2M	121.5M	116.4M	110.6M
Non Currrent Assets Other	1.6M	1.5M	3.1M	2.9M	3.2M	3.0M
Cash And Short Term Investments	6.2M	24.3M	17.9M	16.3M	8.2M	7.8M
Common Stock Shares Outstanding	155.8M	183.8M	217.7M	213.2M	233.5M	245.2M
Liabilities And Stockholders Equity	85.0M	104.6M	143.0M	147.9M	138.9M	132.0M
Other Stockholder Equity	2.3M	2.5M	3.5M	4.9M	6.2M	5.9M
Total Liab	54.9M	44.2M	75.5M	69.5M	79.2M	75.2M
Property Plant And Equipment Gross	69.3M	73.7M	199M	210.3M	200.1M	190.1M
Total Current Assets	14.1M	29.3M	27.9M	26.4M	22.6M	21.4M
Short Long Term Debt Total	15.1M	7.5M	32.2M	28.3M	30.9M	29.3M
Other Current Liab	1.6M	210K	2.6M	2.7M	2.1M	2.0M
Other Assets	1.6M	1.5M	3.1M	2.5M	2.9M	3.0M
Net Receivables	3.1M	4.7M	2.0M	3.3M	7.8M	7.4M
Non Current Liabilities Total	39.7M	27.8M	54.5M	48.1M	49.0M	46.6M
Inventory	71K	92K	143K	129K	91K	86.5K
Other Current Assets	4.8M	254K	7.8M	6.7M	6.5M	6.2M
Accumulated Other Comprehensive Income	(14.6M)	(13.3M)	(13.2M)	(13.5M)	(13.1M)	(13.8M)
Common Stock	61.5M	101.4M	101.8M	114.6M	115.0M	79.5M
Other Liab	25.6M	20.3M	25.4M	25.7M	29.6M	25.5M
Net Tangible Assets	30.1M	60.4M	67.6M	78.4M	70.5M	43.5M
Property Plant Equipment	69.3M	73.7M	112.0M	118.5M	136.3M	84.9M
Long Term Debt	14.0M	7.2M	26.9M	21.0M	15.0M	14.9M
Capital Surpluse	2.3M	2.5M	3.5M	4.9M	5.6M	2.8M
Common Stock Total Equity	21.6M	19.9M	61.5M	101.4M	91.2M	52.9M
Long Term Debt Total	14.1M	7.5M	29.2M	22.3M	25.7M	16.5M

Pair Trading with Touchstone Exploration

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Touchstone Exploration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Touchstone Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving against Touchstone Stock

0.71	ENS-PA	E Split Corp	Pair Corr
0.58	NA-PG	National Bank Earnings Call Today	Pair Corr
0.57	ENB-PFV	Enbridge Pref 5	Pair Corr
0.57	ENS	E Split Corp	Pair Corr
0.55	ENB-PFC	Enbridge Pref 11	Pair Corr

The ability to find closely correlated positions to Touchstone Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Exploration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Touchstone Exploration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Touchstone Exploration to buy it.

The correlation of Touchstone Exploration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Touchstone Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Exploration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Touchstone Exploration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Touchstone Stock

Balance Sheet is a snapshot of the financial position of Touchstone Exploration at a specified time, usually calculated after every quarter, six months, or one year. Touchstone Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone Exploration and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Touchstone currently owns. An asset can also be divided into two categories, current and non-current.

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Touchstone Non Current Liabilities Total vs Property Plant And Equipment Net Analysis

Non Current Liabilities Total vs Property Plant And Equipment Net

Non Current Liabilities Total vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Property Plant And Equipment Net

Touchstone Exploration fundamental ratios Correlations

Touchstone Exploration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Touchstone Exploration fundamental ratios Accounts

Pair Trading with Touchstone Exploration

Moving against Touchstone Stock

Other Information on Investing in Touchstone Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets

Current Deferred Revenue	- 0.75	Total Current Assets
Current Deferred Revenue	- 0.65	Total Stockholder Equity
Current Deferred Revenue	- 0.63	Total Assets
Non Current Liabilities Total	- 0.62	Current Deferred Revenue
Current Deferred Revenue	- 0.62	Other Current Liab
Current Deferred Revenue	- 0.62	Short Long Term Debt Total